DA - JAN / 4 % HIKE

JAN-2019 DA CALCULATOR

 Hereafter our focus will be on DA from January 2019 , as previous instalment is concluded with 2% hike

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 The Expected January 2019 DA can be calculated through this calculator by assuming the remaining months of AICPIN

The July 2018 DA kike will be approved by Union Cabinet in the first week of September 2018  THE LABOUR BUREAU ISSUED THE PRESS RELEASE ON 31/08/18 TO DECLARE IN THE AICPIN  FOR THE MONTH OF JULY 2018

 it was announced that Consumer Price Index for Industrial workers increased 10 Points and pegged at 301. It is the highest increase in last four years.

AICPIN for January 2019 DA

The sudden increase of 10 Points in AICPIN will reflect in DA hike from the Month of January 2019. Monthly two points increase in AICPIN for remaining months are enough to make this DA hike to go up to 4 % positively [ Check this DA Calculator]

HOUSE BUILDING ALLOWANCE

HOUSE BUILDING ALLOWANCE

 Interest bearing advances/ Seventh Central Pay commission on migration Of existing government employees who have already taken Home Loans from Banks’ other Financial Institutions — reg.

Kind attention is invited to para 2(viii) of this Ministry’s OM. No. l- 17011/11 (4)/2016-H.III dated 09.11-2017 on the above-mentioned subject regarding fulfilment of extant conditions, extant conditions are clarified as follows.

a) Before granting such House Building Advance. the Head of the Department

i) Should satisfy himself that the home loans were taken by the government employee entirely for purpose of construction / purchase of new house/ flat.

ii) Should ensure that the House Building Advance sanctioned is to tie amount of loan still due to be repaid by the government employee

b) House Building Advance can be availed towards repayment of bank loan taken for the purpose of construction/ purchase of new house/ flat.

C) Employee shall be eligible for grant Of House Building Advance on the date she obtained loans from banks and other financial institutions, irrespective of whether they applied for House Building Advance before raising he loan.

d) House Building Advance fry repayment of loans Shall be granted to the Eligible employees in one lump sum. However, the Government employee shall produce the HBA Utilisation Certificate within one month the date of release of HBA

e) Employee has to satisfy tie other provisions of the House Building Advance Rules -2017.

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(Shailendra Vikram Singh)
Director(FD)